Chinese bulker owner and operator Jinhui Shipping and Transportation has confirmed its second supramax sale this year.
The Oslo- and Hong Kong-listed company said in a filing it will be shipping out the 2008-built 57,000 dwt Jin Tong to Marshall Islands-incorporated Famous Shine Development in a deal worth $10.22m.
Earlier this month, brokers told Splash the ship had been sold to Chinese buyers for $10.5m.
Jinhui has, since last yea,r mostly focused on fleet renewal through secondhand acquisitions and newbuilding orders after clearing out some of its vintage supramaxes in 2023.
In March, the company sealed its first sale in more than a year, offloading the 2007-built supramax Jin Shun to Hong Kong-incorporated Yuhe Shipping for $8.26m.
The company’s fleet currently counts 32 bulkers, of which 25 are owned.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
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